(EnergyAsia, April 17 2014, Thursday) — Sinopec, Asia’s largest oil refiner, will soon fully own a Kazakhstan crude oil producing firm after agreeing to pay US$1.2 billion to buy out its equal partner, Russia’s Lukoil. The deal, expected to close by end-2014 after clearing regulatory and shareholder approvals, will strengthen the Chinese firm’s plan to…
KAZAKHSTAN: Lukoil agrees to sell 50% stake in oil firm to partner Sinopec
Posted on April 17, 2014 by EnergyAsia